Daimler to stop developing ICEs to focus on EVs September 20, 2019

After reigning in the auto industry as the powertrain of choice for a century, the internal combustion engine is finally dying. Now even Daimler says that it is stopping development of new internal combustion engines to focus on electric cars.

The German automaker whose namesake, Gottlieb Daimler, is credited for having invented the prototype of the modern gasoline engine recently released its latest generation internal combustion engine and it might be its last.

According to German magazine Auto Motor und Sport, Daimler development chief Markus Schaefer said that they currently have no plans to develop a next-generation combustion engine and they are focusing on new electric powertrains.

While they will not invest in the development of new combustion engines, Schaefer reportedly noted that they still might work on some specific parts to improve on their existing engines.

In recent years, there have been signs that internal combustion engines were reaching their limits. It became increasingly clear when the entire industry was caught cheating to make it look like their diesel engines were actually more efficient and less polluting than they actually were.

Furthermore, generations of combustion engines have long development timelines and there are other factors that may render the investment worthless. For example, several countries are implementing or announcing their intentions to ban the sale of new gasoline and diesel-powered vehicles by 2040.

This is pushing automakers like VW and now Daimler, to rethink their longterm strategy for investing in powertrain development.

Daimler has previously announced plans for Mercedes-Benz and smart cars to offer electric versions of all car models by 2022. However, they still believe that a majority of their vehicles will still have an internal combustion engine at that time.

ARTICLE: Electrek.co | Daimler stops developing internal combustion engines to focus on electric cars

To be the first to hear about Project Updates, ASX Releases, Company News and more – CLICK HERE to subscribe to the Orocobre eNewsletter

Latest News &
Announcements

All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. The best way to stay up to date is to sign up for our newsletter.

  • Capital proceeds received by Galaxy Shareholders

    Capital proceeds received by Galaxy Shareholders

    The capital proceeds received by Galaxy shareholders in respect of the recently concluded Scheme of Arrangement with Galaxy Resources is determined to be the closing price of Orocobre Limited shares (ASX:ORE) being A$9.52 per share.
  • Unveiling of our new brand and proposed company name

    Unveiling of our new brand and proposed company name

    We are excited to unveil the new brand and proposed company name in this short video, available here:- https://youtu.be/CtRuzyIMzYU Together at Allkem we can connect further with our communities, customers and partners through enhanced sustainability solutions, diversity, product quality and growth opportunities. As a combined team we have the resources to facilitate a global transformation to... View Article
  • ORE-GXY Merger Call

    ORE-GXY Merger Call

    Click below to listen to the Orocobre and Galaxy Proposed Merger Briefing. https://services.choruscall.com.au/webcast/ubs-210419.html

Be the first to know.
Subscribe Now.

We will never sell or share this information to anyone. Privacy Policy
© 2021 Orocobre Limited Pty Ltd